Atlanta-based PrizePicks, one of the largest daily fantasy sports operators in North America, will move its headquarters from Buckhead to Midtown Atlanta, Gov. Brian Kemp announced Thursday.
The move to the Star Metals Building on Howell Mill Road represents a $25 million investment. PrizePicks also plans to expand its Georgia workforce by 1,000 during the next seven years.
“Georgia continues to be a driver of tech growth and innovation, attracting innovative companies with its unique mix of talent and infrastructure,” Kemp said. “Today’s announcement is a reminder of our strength in both welcoming new projects as well as creating an atmosphere where existing businesses can expand and thrive.”
“This move to Star Metals will help us create more high-skilled and high-wage jobs in our great city while we deepen our connections across the community,” added Adam Wexler, co-founder and CEO of PrizePicks.
A representative of PrizePicks urged the General Assembly during the recently concluded legislative session to include fantasy sports in a bill to legalize sports betting in Georgia.
Stuart Wilkinson, director of government affairs for the company, told members of a state House committee that adding fantasy sports could generate $40 million to $50 million a year in Georgia on top of the estimated $100 million sports betting could be expected to raise in the Peach State annually. Sports betting legislation passed the Georgia Senate but didn’t reach the House floor for a vote.
PrizePicks is actively hiring. Those interested can learn more or apply for openings at www.prizepicks.com/careers.
The Georgia Department of Economic Development’s Global Commerce team worked on the headquarters project with the Metro Atlanta Chamber, Invest Atlanta – the city’s economic development arm – and Georgia Power.
This story comes to Rough Draft via a media partnership with Capitol Beat.
Read the full article here
